how would they pay us?

[Princess-in-Training]

Hi everyone! I hope you guys can help -- we're still pretty new to the dvc!

We will be staying at SSR in a 2 bedroom in a couple of months. We are using our points, I think it's 248 for the week.

Another family is joining us, and we're trying to figure out how they would compensate us for they're share (if that makes sense).

I guess the question is, how do we figure out the monetary value of the points?

tia!!

 

[Chuck S]

Generally, when I invite people along they are our guests, and no compensation is asked. Often they will take us out for a nice dinner (or several meals) or a dinner show. Are you getting the DDP? Maybe they could just pay the DDP for you.

 

[icydog]

Any way you want is the Reader's Digest answer.
What we do is we charge them the number of pts between a one bdrm, the villa size we get when we travel alone and the two bdrm. So if it is 60 points I take whatever mulitplier I want $5 to $7 a point for OKW and charge them accordingly. I don't even want to do this at all but one friend insisted and my sister always gives us the difference x $5. What a sweet deal if we rent a two bdrm in Sept or Dec the difference in pts is 58 points between a one and two bdrm x $5 a point--She pays me $290 for a week's vacation. If you want a more equitable rate I would charge them $12.50 a point for the difference as that is probably your cost to own at SSR.

 

[Princess-in-Training]

Unfortunately, that wouldn't work for us! We're not doing DDP. And, we weren't planning on taking another Disney trip until next year! It was our friends that invited US -- we just said, hey, lets stay in a 2 bedroom condo, since we have the points for it! I was thinking about either food or tickets... not sure yet.

I was googling, and saw that $10-12 per point is the norm for renting -- is that true? I don't know if we'd go by that, but it's a start.

Mostly, we're in the planning phase, and i can still cancel the villa if i need to.

 

[OKW Lover]

We're with Chuck S. When we invite somebody to my house we don't charge them. But they will often insist on buying a nice meal, which we graciously accept.

 

[luvindisneyworld]

If it were me I would not charge them 10.00-12.00 pp thats what the going rate is to rent out your points for someone to use.
I would say maybe 500.00 or so.Since you are th ones that offered to let them stay with you in a 2 bedroom.
We have taken so many people and even gotten rooms for friends and family and we have never charged them anything. They always bought us a nice meal or 2 to compensate though.We would never dream of charging them,family or friends. Now if it someone we didnt know to well but still knew them I would charge them to use my points.

I have went with just me and a couple of girlfriends before and they have paid for the gas there and back from NC. Which I thought was very generous to.

 

[dallasdisneymommy]

Our family goes every year or so with my husband's family -- we book the rooms on points, his parents pay for everybody's park tickets, and his sister's family pays for everyone's food. Everyone seems to think this is fair, we are all taking a Class A vacation for a fraction of what it would cost any of us to do it without the others. When we go in December, the parents aren't going, so we will get the rooms and DH's sister will get the tickets and we will each pay for our own food.

 

[lsutigerita]

Before I became an AP holder, I asked my sister-in-law to just pay for my theme park ticket for that week.

I like the other idea of charging the point difference x $5 or $7 dollars. It would definitely work for me.

 

[dcamdad]

How long has this trip been planned? If this is not a spur of the moment trip I would feel very awkward in asking them to pay anything this close to your trip. It sounds as if you offered the use of your "home" without discussing any compensation you may offend or even anger your friends. Just my opinion but I would not expect a thing in return. As mentioned in other threads a dinner out would be more than acceptable if offered.

 

[Princess-in-Training]

Thanks everyone, for your replies! we just want to make it so they get a good deal in terms of hotel, and that this surprise trip for us becomes more affordable.

 

[Quiksilvr]

I'll break from the mob that thinks you shouldn't charge them anything. If you've all agreed that there should be some sort of compensation, then by all means charge them. You don't have to give away your points because other people think you should; they're your asset. I know that lots of people bought DVC so they could take friends and family gratis, and that colors their perception, but having the other family kick in some bucks is by no means wrong.

It would create an awkward situation with some of my friends if I asked them along without any expectation that they'd pay something for the room (not on my end...I'm one of those people who bought DVC so that I could take friends and family gratis, but I'm aware enough of how they feel that I know it would bother them). So, in the event that I find myself in that situation, I will calculate the point difference, and then charge them whatever that year's annual dues are for the point difference.

 

[I'mNoPrince]

If I have the points I don't charge .

But DM wants to go for some of this next trip and I had to book them a studio as we will have 4 in ours already.

So I'm charging her the $10 perpoint that it will cost be to replace then the following year as I already have to borrow them anyhow.Now if I get a nice AP rat for next years trip then I might not have to get a transfer but other then that I will need one. I showed DM what it would have cost going through CRO for a room as well so she still sees the hugh savings she is getting.

 

[JimMIA]

I'll break from the mob that thinks you shouldn't charge them anything. If you've all agreed that there should be some sort of compensation, then by all means charge them.

I agree. Some of the "mob" posted before OP explained the sequence of events, others probably missed OP's subsequent explanation.

Since you did NOT invite them (they invited you), I assume y'all (Southern for "you," singular or plural) have already agreed that there will be some kind of compensation.

I like icydog's excellent suggestion above, but since they invited you, I think I'd be inclined to assign some per-point cost and see how they felt about splitting the expense and paying that p/p cost X 124 points (248/2). At icydog's sound estimate of $5-7 per point, that's $620 - $868. Split the difference -- 124 X $6 = $744.

However you slice it, they're getting one heckuva deal and you're getting to take an unexpected vacation with your friends.

 

[sjdisneywedding]

I agree. Some of the "mob" posted before OP explained the sequence of events, others probably missed OP's subsequent explanation.

Since you did NOT invite them (they invited you), I assume y'all (Southern for "you," singular or plural) have already agreed that there will be some kind of compensation.

I like icydog's excellent suggestion above, but since they invited you, I think I'd be inclined to assign some per-point cost and see how they felt about splitting the expense and paying that p/p cost X 124 points (248/2). At icydog's sound estimate of $5-7 per point, that's $620 - $868. Split the difference -- 124 X $6 = $744.

However you slice it, they're getting one heckuva deal and you're getting to take an unexpected vacation with your friends.

yep $6 is about what I would say too



I think a good way would be to use the MF's, just round off to 5 or 6 bucks
and tell them heres the number of points needed and heres the annual fees per point. should get you to about the same number and then there is no explaining the 10-12 dollars per point or anything else.

If you start to tell them that number or the rack rate of the room or the cash DVC rate, etc, etc, you may find they try to make you let them pay that amount. Im sure they dont want to make it look they are taking advantage of you and you dont want to make money off them

so MF's should work great

I dont want anyone paying for my meals or tickets or anything else, I dont want to worry about what I am eating or where I am eating or how many parks we are going to and so forth, discuss the costs up front so everyone knows what they are in for.

 

[Dean]

It totally depends on the situation and how things are prefaced. I'd agree that an in between amount of $6-8 PP is appropriate but based more on the points that are extra for their portion, not the entire amount. Exactly where you draw the line depends on what unit type you'd get on your own and the make up of each group.

 

[Donald is #1]

I have a slightly different suggestion from the other posters. I haven't run into this situation yet since I just joined last year. But another approach would be to split the costs of your annual dues for those points.

I know that this will end up being a lower rate than the going rental rate, but if the idea is to share costs, this is another approach.

 

[Goofy's apprentice]

I like the idea of thinking of it like 'sharing the costs'. If my family is fine with a 1-bedroom and inviting them along makes it s two-bedroom, then the differential in points at the MF price sounds fair. The points are no longer available for you to use.

Before being owners, we compensated friends who were owners and didn't mind. They were not close friends (then...they are now!) and I wouldn't have expected a vacation for free from them.

As for our own situation, we have offered one trip as a present to our extended family members. After that trip, we would charge a nominal amount like above. It helps them appreciate that it does still present a cost to us. They vacation at our summer cottage each year without cost and always bring food/booze etc as a gesture of thank-you.

It depends on the situation of the owner and the friends. For those who treat their friends and family, that's great and I salute your generousity.

 

[casper]

I will be traveling with a couple of friends at the end of February. I usually tell whoever I travel with the cost up-front. What is that cost? Whatever the maint. fees for the points used. So, my friends will be staying with me, in a terrific resort, for about $68 a night. They win because staying on site doesn't get much cheaper than that. I win because it reduces my personal costs in maint. fees. Plus, at the moment, my stay will cost me approx. $1,300 per night (factoring the number of nights I have used points with my initial purchase price). Of course, my cost gets cheaper each time I go.

 

[SamSam]

I have secured studios for friends to travel at the same time as we do and they paid $5.00 a point. Basically rounding up our dues. I did the same thing when a family member wanted to travel to WDW with friends and use our points to stay in a 2 bedroom; $5.00 a point. It covers our costs and they get a terrific resort stay at a great price.

 

[boettj]

Wow a wide range of answers here. I will throw my 2 cents in:

Are you using all of your points for the use year?

If not, then if you rented your remaining points, could you cover your maintenance fees? Then I would not charge them at all. Let them take you out to dinner.

If you are using all of your points for the use year, then I would be looking to recover at least half of the maintenance fees. That might seem cold, but I didn't pay 15k for my friends to use my points.

Now the problem I have is that you offered to use your points. At the time did you talk about a monetary exchange for using your points? If not, then personally I would say that you are subject to a free stay for them.

One other note, family get points free. You know the whole blood is thicker than water thing. This year, I gave two of my brother-n-laws 100 collectively. My remaining points for the use year were rented to cover our maintenance fees.